Injustice Watch

By Carlos Ballesteros

September 1, 2020

Chicago’s Black neighborhoods have also been plundered for decades. An analysis of home loans from 2012 through 2018 by NPR affiliate WBEZ and City Bureau, a local journalism nonprofit, found that for every $1 banks loaned in Chicago’s white neighborhoods, they invested 12 cents in the city’s Black neighborhoods. The Chicago Reporter found that in 2005, Black homeowners earning $100,000 or more a year were more likely to get saddled with expensive mortgages than white homeowners earning less than $35,000.